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Mistertango, has  announced a partnership with European crypto-exchange EXMO, allowing users to trade, exchange and store their assets.

This partnership enables traders on the EXMO platform to make instant deposits and withdrawals in Euros for the first time. Via Mistertango, EXMO users are also able to make Single Euro Payment Area transfers (SEPA), meaning faster payments for customers and providing a key differentiator for EXMO over other exchanges.

The company’s decision to partner with Mistertango leant heavily on its rigorous Know Your Customer (KYC) and Anti-Money Laundering (AML) checks. EXMO also chose Mistertango for its competitive pricing model, even for relatively high volumes, and its unrivalled speed of transfers. This differentiates Mistertango from other electronic payment platforms who offer percentage-based fees, making the exchange of large volumes of cryptocurrencies more expensive to the user.

“EXMO strives to ensure the most effective trading conditions for its users by maximising the number of efficient payment channels it has to offer,” said co-founder of EXMO, Ivan Petukhovsky. With the ability to make faster payments and provide users with payment accounts, we’re able to set ourselves apart and offer the quality of service that more closely parallels the level that customers would expect from the traditional financial world.”

Gabrielius Bilkštys, Business Manager at Mistertango said, “This partnership is the latest chapter in our continued growth story. EXMO is one of the biggest crypto players in Europe so this deal is a real testament to our growth so far and our increasing recognition within the industry. A big part of that hinges on our regulatory focused approach.

If the market is to emerge from uncertainty, gain legitimacy and thrive, there must be clear regulation which can both empower and safeguard activity. Crypto exchanges understand this and are increasingly coming to us for our deep understanding of existing regulatory requirements and to help them demonstrate compliance with any future KYC and AML procedures.”

by Alex Hamilton
Alex is Senior Reporter at IBS Intelligence, follow him on Twitter or contact him at: alexanderh@ibsintelligence.com
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